1. Compare insurers and policies
Number 1 on our list should go without saying - you should always compare policies and providers to make sure you’re getting the best deal. With a large number of insurers in the market, this can take some time, so we’d recommend using a service like ours where you can compare all of them in a few short steps.
Whether you are looking for your first private medical insurance policy, or have had one for many years, comparing the market is probably the best way to reduce your costs, and we find that in 89% of cases, we can reduce someone’s health insurance cost by doing so.
To compare the UK’s leading providers of private medical insurance click this link.
2. Opt for no outpatient cover
All medical insurance policies will cover you for inpatient treatments, meaning those where a hospital bed is needed overnight, with many also including day-patient treatments. Outpatient cover, however, tends to be an additional option that attracts significantly higher costs. By including outpatient cover on your policy you will have the best health insurance available, but it will come at a price. If you want to have private medical insurance but are concerned about the costs, then removing outpatient cover can be a good way to keep prices down. Just bear in mind this will probably mean, that in the event you become unwell, you will need to be diagnosed through the NHS, not privately.
3. Opt for limited outpatient cover
A halfway house between having and not having outpatient cover is opting for cover up to a certain cash value each year. This can be an excellent way to ensure that you do have some outpatient cover, without going completely to a comprehensive policy and paying the associated costs.
Policies with limited outpatient cover will typically cover you up to an agreed cash value or up to a certain number of treatments, so be sure to check which applies to you before taking out your policy.